With IDB support, Brazil’s BNDES launches framework for sustainable bonds
04/01/2021 Since 1 week

The Brazilian National Bank for Economic and Social Development (BNDES) is launching its Sustainability Bond Framework (SBF), produced through a partnership with the Inter-American Development Bank (IDB). The document aims to enable the issuance of green, social, and sustainable bonds in Brazil and abroad.
The initiative expands the fundraising possibilities provided for in the Green Bond Framework launched in 2017, which enabled the BNDES to be the first Brazilian bank to issue this type of bond in the international capitals market, and the first financial institution to issue green financial bills in 2020 in the local market.
The resources to be raised in future operations based on the SBF will be used to finance and refinance eligible new or existing projects in BNDES’s portfolio. The eligible categories for allocating resources include six green categories and three social categories.

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